SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Taking everything into account, SHBI scores 1 out of 10 in our technical rating. SHBI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, we notice that SHBI is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SHBI is part of the Banks industry. There are 398 other stocks in this industry, SHBI did better than 56% of them.
SHBI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SHBI has a been trading in the 11.47 - 13.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SHBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
10.94
16.14
We found 2 important support areas.
- A support zone ranging from 11.77 to 11.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.05 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.10 to 13.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.64 from a horizontal line in the daily time frame.
- Resistance @15.70 from a trend line in the weekly time frame.
- Resistance @15.98 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.16
Mansfield-0.29
10 Day High13.38
10 Day Low11.47
20 Day High13.91
20 Day Low11.47
52 Week High17.61
52 Week Low10.31
Performance
1 Week4.64%
2 Weeks10.93%
1 Month-5.9%
3 Month-15.93%
6 Month-8.72%
12 Month24.31%
2 Year-1.43%
3 Year-34.97%
5 Year17.93%
10 Year42.13%
15 Year-7.1%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)51.49
LBB11.49
UBB13.33
13.09
-0.08 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.61%
1 Week4.64%
2 Weeks10.93%
1 Month-5.9%
3 Month-15.93%
6 Month-8.72%
12 Month24.31%
2 Year-1.43%
3 Year-34.97%
5 Year17.93%
10 Year42.13%
15 Year-7.1%
Volatility
ATR(14)0.54
ATR(20)%4.15%
ATR Inc-53.16%
Range Today0.18
ADR(20)0.51
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.16
Mansfield-0.29
10 Day High13.38
10 Day Low11.47
20 Day High13.91
20 Day Low11.47
52 Week High17.61
52 Week Low10.31
CS1 End11.77
CR1 Start13.1
Volume & EV
DER(3)-1.07%
DER(5)1.29%
Volume92.40K
Volume Incr-30.11%
Vol(5)143.56K
Vol(50)224.13K